Basta Holdings and Monarch Air Group to Launch Innovative Private Jet Charter Service
24 Abril 2014 - 8:00AM
Basta Holdings Corp. (OTCBB:BSTA), an aviation
services and logistics management company, today announced that it
has entered into an agreement with Monarch Air Group to launch
commercial operations of one-way private jet charters.
Basta Holdings expects operations to commence by August 14th,
2014 and has already leased the first aircraft to be used in this
program, which will be delivered by May 5th, 2014. The Company
intends to lease an entire fleet of light jets and expects
additional aircraft deliveries to follow leading up to the charter
service launch.
"Basta and Monarch's new regular charter service will present a
viable solution for aircraft ownership, fractional ownership and
conventional round-trip private jet charter as a result of our
competitive pricing and convenience. We will offer a proprietary
pricing schedule which is often not feasible because of the
empty-leg surcharges and will provide a significant price advantage
due to its regular and on-demand charter structures. Because of our
light jets' ability to land on various airfields, we will also
offer a more convenient service to our customers," stated Jacob
Gitman, President of Basta Holdings Corp.
"We intend to begin our operations running the New York - Miami
flight which taps into the premier business segment as
approximately 2.5 million passengers traveled this route in 2013
and so far in 2014. As business grows, we intend to further scale
this operation by offering one-way regular and on-demand business
jet charter services to other top domestic routes of the
considerable business travel segment. Additionally, Basta Holdings
is looking at various overseas markets, particularly China where
private business aviation is growing quickly due to soaring demand
for domestic and international charter services as well as
significant government funding allocated for the development of
private jet transportation," continued Dr Gitman.
About Monarch Air Group
Monarch Air Group is a 14 CFR part 135 aircraft operator based
at the Ft. Lauderdale International airport. Since its
establishment in 2006 and obtaining its aircraft operating license
in 2007, the company has been offering on demand charter service to
a select group of clients, including Fortune 500 companies.
Additionally, Monarch provides logistics services to the US
government in the Middle East. About Basta Holdings
Corp.
Basta Holdings Corp. provides contract procurement, business
development and management services in the aviation and logistics
industries. The company specializes in management of long-term ACMI
leases of fixed wing and rotary passenger and cargo aircrafts and
private business aviation, which includes charter, maintenance,
overhaul and FBO development and management as well as various
auxiliary services. For more information on the company, please
visit www.bastaholdings.com.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements
other than statements of historical facts included in this press
release are forward-looking statements. These statements relate to
future events or to the Company's future financial performance, and
involve known and unknown risks, uncertainties and other factors
that may cause our actual results, levels of activity, performance
or achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by these forward-looking statements. No past revenue or
other performance can guarantee the same or better performance in
the future. Investors should not place any undue reliance on
forward-looking statements since they involve known and unknown,
uncertainties and other factors which are, in some cases, beyond
the Company's control which could, and likely will, materially
affect actual results, levels of activity, performance or
achievements. Any forward-looking statement reflects the Company's
current views with respect to future events and is subject to these
and other risks, uncertainties and assumptions relating to
operations, results of operations, growth strategy and liquidity.
Such risks, uncertainties and other factors, which could impact the
Company and the forward-looking statements contained herein are
included in the Company's filings with the Securities and Exchange
Commission. The Company assumes no obligation to publicly update or
revise these forward-looking statements for any reason, or to
update the reasons actual results could differ materially from
those anticipated in these forward-looking statements, even if new
information becomes available in the future.
CONTACT: Seal Point Consulting
888-959-7095
ir@sealpointconsulting.com
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